The operating performance of thermal power plants could improve meaningfully, given the change in the incremental demand supply equation after a decade, according to research agency India Ratings (Ind-Ra). This lowering of supply is because of the limited capacity addition of thermal power plants, the retirals or phasing out of old capacities largely from the […]
Day: June 16, 2021
Sembcorp on prowl for renewable projects acquisitions in India
Singapore-based Sembcorp is looking at acquisitions of solar and wind energy projects in India as it chases a strategic goal to shift its portfolio from brown to green by quadrupling renewable energy capacity. Sembcorp, which has invested about Singapore dollar 6.5 billion (about Rs 35,000 crore) in electricity-generating projects in India, is open to buying […]
Rise in imported solar module prices to impact project returns: ICRA
The increase in imported photovoltaic (PV) solar module price level by about 15-20 per cent over the past four-five months, to about 22-23 cents per watt as on date, is expected to impact returns of solar power project developers, according to ratings agency ICRA. It said that this price rise has been mainly driven by […]
India’s fuel sales recover from June lows, still lower than last year
Domestic fuel sales by India’s state refiners recovered in the first half of June, as the world’s third-largest oil consumer started easing lockdown restrictions, though were still lower than year-ago levels, preliminary data showed on Wednesday. Gasoline sales during June 1-15 jumped 13 per cent and diesel sales rose 12 per cent, compared with the […]
GM to supply electric batteries, hydrogen fuel cell systems for Wabtec locomotive
General Motors Co will supply electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp’s locomotives, in a move extending the No. 1 U.S. automaker’s reach outside the automotive sector. Wabtec, based in Pittsburgh, is developing locomotives powered by electric batteries and hydrogen fuel cells in response to rail industry demand to eliminate […]
China Gas investigating cause of pipeline explosion in central China
Gas pipeline infrastructure facilities operator China Gas Holdings Ltd said on Wednesday it was investigating the cause of a gas pipeline explosion in central China over the weekend, and results were so far uncertain. The blast, which occurred on Sunday in the city of Shiyan, in Hubei province, reportedly killed 25 people and injured more […]
European Union and United States reach deal to end Airbus-Boeing trade dispute
BRUSSELS: The United States and the European Union appeared close to reaching a deal to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and lift billions of dollars in punitive tariffs. “I’m very positive and convinced that together we will deliver today,” European Commission President Ursula von der Leyen told […]
Birmitrapur-Barkote NH-143 deadline shifts to 2022
ROURKELA: Running behind schedule for several years, the completion target of the 125-km National Highway (NH)-143 between Birmitrapur and Barkote in Sundargarh has further been extended by seven to 12 months. The National Highway Authority of India (NHAI) has attributed the additional delay to time lost due to the Covid-19 pandemic among other reasons. The […]
No privatisation of any kind in power utilities: Andhra Pradesh minister Balineni Srinivasa Reddy
VIJAYAWADA: Energy minister Balineni Srinivasa Reddy has once again assured the power sector employees that there would not be any kind of privatisation in Andhra Pradesh’s power utilities. The minister has also assured that complete reimbursement of COVID-19 bills will be provided to the employees who have been working round the clock despite being at […]
Narrow roads planned for BDA’s Kempegowda Layout IVth Block a sore point with allottees
BENGALURU: A good number of the 2,400 site allottees in the 4th Block of Nadaprabhu Kempegowda Layout (NPKL), which falls in Komaghatta area, are extremely concerned with the narrow roads being readied within their eight sectors. Unlike the road infrastructure planned in the other eight Blocks in the Layout with wider roads, the Block has […]
Videocon insolvency: Creditors to take 96 per cent haircut on dues; NCLT says bidder ‘paying almost nothing’
NEW DELHI: Creditors of debt-ridden Videocon Industries Ltd will be taking nearly 96 per cent haircut on their loans and the bidder is “paying almost nothing” for the company, NCLT has observed while approving Anil Agarwal’s Twin Star Technologies’ Rs 2,962.02 crore-bid under the insolvency resolution process. Videocon Industries and its 12 group companies had […]
HOP Electric Mobility launches 2 new E-scooter models
MUMBAI: EV maker HOP Electric Mobility on Tuesday launched two new scooter models and said it plans to roll out five vehicles, including an e-bike, by the end of this fiscal year. The company said it is also looking to set up charging stations, starting from Jaipur and further expanding them to other parts of […]